When Income Increases, a Budget Constraint Will

question 66

Multiple Choice

When income increases, a budget constraint will:

• A) shift inward, parallel to its initial position
• B) shift outward, parallel to its initial position
• C) pivot outward around the Y-axis
• D) pivot outward around the X-axis

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Definitions:

Autonomous Motivation

A type of motivation that comes from within an individual, driving them to engage in behavior out of personal interest or satisfaction.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, regarded as a drive or need present in everyone.

Motivated by Needs

The drive or inclination to act or behave in a certain way based on the desire to fulfill basic requirements for survival, security, belonging, esteem, and self-actualization.

Needs for Existence

Basic requirements necessary for survival, such as food, water, shelter, and safety.